There is a major upgrade of Ethereum coming in the October 2023! It will be a significant leap towards improving the network's scalability and efficency!

Introducing Proto-Danksharding via EIP-4844, the upgrade promises reduced gas fees and faster transactions through the use of data ''blobs''

This is part of several enhancements aiming to optimize data storage, security, and better cross-chain integrations, steering Ethereum closer to its goal of becoming a global transaction hub, particularly enhancing Layer 2 solutions.

It could be a short term bearish for ETH & Bullish for L2's, Altcoins & NFT's!